Shreya Acquisition Group is a blank check company (SPAC) incorporated in the Cayman Islands in June 2025, with no operations, no revenue, and no identified acquisition target. Shreya raised $100M through an IPO of 10,000,000 units at $10.00 per unit, with each unit comprising one Class A ordinary share, one warrant to purchase a share at $11.50, and a right to receive one-quarter of a share upon deal close. IPO proceeds are held in a U.S. trust account invested in short-term U.S. government securities until Shreya closes an acquisition or liquidates. The intended acquisition focus spans health and wellness, hospitality, media and entertainment, shipping infrastructure, and waterways tourism. The sponsor, Thews (Mauritius) Limited — controlled by CEO Anuj Goyal — paid $25,000 for founder shares that convert to Class A shares at deal close, a classic SPAC structure that creates significant asymmetry between sponsor and public shareholder economics. Public shareholders face estimated dilution of roughly 31.5% on a per-share basis at deal close, even before accounting for warrants or additional equity issuances tied to the combination. The trust protects public shareholders if no deal is completed: they receive their pro rata trust value back, while the sponsor's founder shares expire worthless. Shreya has 12 months from IPO close to complete a combination, extendable by shareholder vote up to 36 months, and holds $695,000 outside the trust for operating expenses during the search period.